CLIMATE

Carbon futures wilt on climate pact delay

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European Union carbon emissions futures wilted slightly on Friday but were largely unaffected by news that a U.N. climate pact will likely be delayed into 2010, traders said.

Climate treaty may need extra year

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A U.N. climate treaty may need an extra year beyond a December deadline to agree details, delegates at U.N. talks said on Thursday even as a U.S. Senate committee approved a carbon-capping bill.
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Climate bill to force refinery closures: Petroplus

An international pact and U.S. legislation to tackle climate change will hit oil refiners' profits and may force some to shut some capacity, Thomas O'Malley, chairman of Swiss refiner Petroplus, said on Thursday.
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Senate panel tries bypassing climate bill boycott

Democrats who control a key U.S. Senate panel said they would begin debating a climate change bill on Tuesday, despite a planned boycott by minority Republicans who are demanding more study of the issue.
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EU agrees climate funding deal

European Union leaders resolved a funding dispute on Friday to agree a negotiating position for talks on a global deal to combat climate change.
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Australia boosts international efforts on climate

Australia stepped up lobbying ahead of the global climate talks in Copenhagen on Wednesday, with Prime Minister Kevin Rudd accepting a key role as Climate Change Minister Penny Wong heads to Spain for talks.
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Climate deal not expected during Obama's China visit

The United States does not expect to reach an agreement on climate change with China during President Barack Obama's visit to Beijing next month, the country's senior climate change envoy said on Wednesday.
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Senate panel kicks off climate bill drive

A Senate committee on Tuesday launches three long days of hearings on a Democratic climate bill in a bid to further convince an international summit in December that Washington is serious about tackling global warming.
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Public finance can scale up climate investment

Public finance could help stimulate private investment in climate change solutions in developing countries, a report commissioned by the United Nations' Environment Program showed on Monday.
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Obama sees consensus growing on climate change bill

President Barack Obama said on Friday he saw consensus building in the U.S. Congress on climate change and energy legislation that is considered critical to international talks on a new global warming pact.
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President Hu talks with Obama on climate deal

Chinese President Hu Jintao, made the fifth phone conversation with U.S. President Barack Obama Wednesday. President Hu expressed his confidence that a positive outcome at the upcoming Copenhagen world climate summit in December could be provided improvement in bilateral relations and faced the weather pattern challenge.
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Obama not doing enough on climate change - Pachauri

U.S. President Barack Obama should do much more to ensure Congress passes a greenhouse emissions bill, giving global climate talks a major boost, the head of the U.N. Climate Change Panel said on Thursday.
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U.S. presses ahead on climate bill

The Obama administration will press ahead with climate control legislation, despite difficult odds of passage before December's international summit on global warming.
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Climate cooperation to help ties, Hu tells Obama

Chinese President Hu Jintao has told his U.S. counterpart Barack Obama that closer cooperation on fighting climate change could help improve overall ties between the world's top two greenhouse gas polluters.
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EU fails to agree climate funds

Talks on a new U.N. climate deal stumbled on Tuesday when European Union finance ministers failed to agree funds for poor countries and India reiterated demands for aid to help curb its emissions.
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World leaders told to seal climate deal in person

Britain urged world leaders on Monday to turn up in person to salvage a U.N. climate deal in Copenhagen in December, as Australia and India outlined steps to rein in their greenhouse gas emissions.
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EU bogged down on Copenhagen climate stance

European Union states are struggling to agree on a common stance for a U.N. climate pact in Copenhagen in December, after leading the way among rich nations, draft documents indicated on Friday.
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Climate talks may go to last minute

The world may have to wait until the dying seconds of a U.N. climate summit in December for a global deal to channel business dollars into low-carbon energy, industry and analysts said on Wednesday.
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UN panel head sees wiggle room for global climate deal

Despite fears of failure facing global climate change negotiations in December, the U.N. climate panel chief said on Wednesday it was still possible to agree a pact, including levels of emission cuts by rich nations.

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